Fire Protection Systems Market Share, Size and Forecast 2025

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Fire Protection Systems Market to 2025 - Global Analysis and Forecasts by Technology (Active and Passive); Product Type (Detectors, Sprinklers, Extinguishers and Alarm); and End Users (Educational Institutions, Consumer Goods & Retail, Energy & Power, Governmental, Healthcare, Manufacturing, Oil & Gas, Mining and Others)

Publication Month: Jun 2018 | Report Code: TIPTE100000629 | No. of Pages: 168 | Category: Electronics and Semiconductor | Status: Published

The fire protection system market accounted for US$ 52.64 Bn in 2017 and is expected to grow at a CAGR of 10.5% during the forecast period 2018 to 2025, to account for US$ 116.51 Bn by 2025.

Growth in the recent five years is primarily driven by two major factors, such as need for a safe and efficient fire protection system inside buildings owing to increasing urbanization, and necessity to adhere to the stringent fire compliances and regulations.

The global fire protection system market is experiencing a steady growth in the current scenario and is anticipated to rise in the coming years. The fire protection system market consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced technology to the customers. The aircraft manufacturers on the other hand, are procuring the advanced technologies from the aircraft component manufacturers to deliver passengers with additional value-added services and thus, empower the passenger with a superior travel experience. This factor is helping the fire protection system market to surge over the period.

 

Fire Protection System Market

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Fire Protection System Market Insights

Need for a safe and efficient fire protection system inside buildings owing to increasing urbanization

The 21st century has witnessed huge influx of population in the urban cities of developed and developing economies in search of better life. Higher standards of living, higher job opportunities, access to modern amenities and services are the few major factors that have contributed in the migration of rural population to the urban areas around the world. Developing economies witnessed a steady growth in the post-recession era and thus there was rise in the disposable incomes by consumers. As per the data from Worldbank, currently 54% of the entire globe’s population resides in the urban areas while the remaining percentages are still residing in the rural areas. Hence, close to 4 billion of the world’s population houses in the urban areas piling up pressure on the infrastructures in the urban areas. As a result, density of population in these areas has reached unprecedented levels.

Thus, the need for a robust fire protection system in order to be prepared to handle any critical situation and avoid fire losses is evident. Thus, the demand for a safer, efficient and quicker response fire protection system have been driving the fire protection system market in the recent times.

Necessity to adhere to the stringent fire compliances and regulations

Majority of the advanced and developing economies have laid down stringent fire regulations regarding the construction of new buildings in order to ensure safety for occupants. Countries such as North America, Australia, Canada, Mexico, UK, Germany, Spain, Italy and India have laid down stringent regulations. Also, the concerned authorities have laid down heavy punishments in case of violence of the codes. Virtually every building, process, service, design, and installation is affected by NFPA’s codes and standards. These codes and standards, reflect changing industry needs and evolving technologies, supported by research and development, and practical experience. The laying of such rules and regulations have been driving the adoptions of fire protection system market globally.

Fire Protection System Market by Region

Fire Protection System Market

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Strategic Insights

Report Coverage - Fire Protection Systems Market
Report CoverageDetails
Market Size Value inUS$ 52.64 Billion in 2017
Market Size Value byUS$ 116.51 Billion by 2025
Growth rateCAGR of 10.5% from 2018-2025
Forecast Period2018-2025
Base Year2018
No. of Pages168
No. of Tables21
No. of Charts & Figures86
Historical data availableYes
Segments coveredTechnology ; Product Type ; and End Users
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Few of the recent strategies by some of the players in fire protection system market landscape are listed below-

2018:The Southern Branch of National Palace Museum, situated in (Taiwan), installed Honeywell’s Notifier fire alarm system, to provide integrate system integration with in minimum operational costs and facilitates customization as per the museum’s future needs. Notifier system is paired with another system to help in evacuations by giving signal through a different sound.
2018:Siemens AG is working with Skanska Walsh under a joint venture to install Siemens Intelligent Infrastructure Solution into the new central terminal complex at LaGuardia International Airport (US). The intelligent solution comprises of fire and life safety system and integrated building automation.
2018:Viking announced the plans for new R&D centers and headquarter in Caledonia Township, West Michigan. This expansion will create high-tech training skill for supporting the organization’s aim for maintaining its position as a leader in fire protection services.

The report segments the global fire protection system market are as follows:

Fire Protection System Market – By Type


  • Active Fire Protection System
  • Passive Fire Protection System

Fire Protection System Market – By Product


  • Fire Detection System
  • Fire Alarm System
  • Fire Suppression System
  • Others

Fire Protection System Market – By End-Use Industry


  • Residential
  • Commercial
  • Government
  • Power & Energy
  • Mining
  • Transportation
  • Manufacturing
  • Oil & Gas
  • Others

Fire Protection System Market – By Geography


  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Spain
    • U.K.
    • Rest of Europe
  • Asia Pacific (APAC)

    • Japan
    • China
    • India
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)

    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Qatar
    • Rest of MEA
  • South America (SA)

    • Brazil
    • Rest of SAM


Global Fire Protection System Market - Company Profiles

  • Honeywell International, Inc.
  • Johnson Controls, Inc.
  • Robert Bosch GmBH
  • Siemens AG
  • United Technologies
  • Hochiki Corporation
  • Minimax Viking GmbH
  • Gentex Corporation
  • VFP Fire Systems, Inc.
  • Halma PLC

The List of Companies - Fire Protection Systems Market

  1. Honeywell International, Inc.
  2. Johnson Controls, Inc.
  3. Robert Bosch GmBH
  4. Siemens AG
  5. United Technologies
  6. Hochiki Corporation
  7. Minimax Viking GmbH
  8. Gentex Corporation
  9. VFP Fire Systems, Inc.
  10. Halma PLC
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global fire protection systems market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the fire protection systems market, thereby allowing players across the value chain to develop effective long term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

  • Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
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